Alexander And Kline Give Statement On Student Loan Interest Rate Report

Friday, January 31, 2014

Senator Lamar Alexander and House Education and the Workforce Committee Chairman John Kline (R-Mn.) issued the following joint statement after the Government Accountability Office (GAO) released a report on federal student loan interest rates:

“Today’s GAO report makes it clear that Congress was exactly right to tie student loan interest rates to market rates, because that is the fairest way to ensure the loans don’t overcharge either students or taxpayers. The Bipartisan Student Loan Certainty Act cut interest rates for undergraduate loans nearly in half and made all student loans cheaper, simpler and more certain.”

The Bipartisan Student Loan Certainty Act (also known as the Smarter Solutions for Students Act) included a provision directing the GAO to provide information on issues related to the cost of federal student loans. Specifically, the report was intended to help members of Congress determine whether there was an ideal federal student loan interest rate that would ensure the government could cover Direct Loan costs without generating excess revenue. To read the full report, entitled “Borrower Interest Rates Cannot Be Set in Advance to Precisely and Consistently Balance Federal Revenues and Costs,” click here.


3 UTC Faculty Members Receive Alumni Association Awards

Three faculty members were honored this month with awards at the UT Alumni Association Board of Governors Awards Dinner. Dr. Mohammad Ahmadi, the Guerry professor of Management, and Dr. Joseph Jordan, assistant professor in the Department of English, received the association’s Outstanding Teacher Awards.  Nicole Brown, academic advisor and professor in the Communication ... (click for more)

GPS Faculty And Admin Present At National Conference

Five teachers and administrators from Girls Preparatory School presented skills for the 21st century – empathy, flexibility, risk-taking, and reflection – at the National Coalition of Girls Schools’ annual conference in Washington, D.C. in June. Not content to offer their expertise to others, they also attended sessions that offered professional development and ideas to bring back ... (click for more)

Young Woman Suffers Serious Injuries In 30-Foot Fall At Quarry At Greenway Farms

A young woman was seriously injured on Wednesday night  when she fell approximately 30 feet from a bluff at the the Greenway Farms quarry in Hixson.   Some kayakers were paddling in the quarry shortly after  8 p.m. when they saw the woman fall to the ground below. They immediately went over to the victim and called 911. The Chattanooga Fire Department ... (click for more)

Walker County Taking Out Another Loan To Deal With Debts Left By Bebe Heiskell Administration

Walker County officials said they are having to take out another loan to deal with debts left by the Bebe Heiskell administration. Commissioner Shannon Whitfield has called a special meeting for Thursday at 2 p.m. at the commissioner's office in Lafayette. The agenda includes a $4 million tax anticipation note from Lafayette Bank, which stepped in to help the new administration ... (click for more)

CPS Should Have A Manned 24/7 Presence In Every County

This week something became abundantly clear to me. The Department of Child Protective Services in the state of Tennessee, or at least in Hamilton County, are asleep at the wheel.   Early yesterday afternoon local news stations broke the news: "Animals Removed from Soddy Daisy Home."  What the news station either didn't know, or didn't report, was that the children of ... (click for more)

Roy Exum: Schizophrenia Calls Again

On Tuesday morning of this week a six-foot-tall, 6,000-pound monument of the “Ten Commandments” was installed on the Capitol Grounds in Little Rock, Ark. It was privately financed and quite beautiful. Less than 24 hours later, a vehicle crashed into the monument, knocking it off its base (plinth) in the early-morning darkness yesterday. The Arkansas Capitol Police arrested a ... (click for more)